State Department Lease at the World Bank Building

The United States Department of State recently hosted a ribbon cutting for the International Bank for Reconstruction & Development new lease. Regional Administrator Julia E. Hudson and Acting PBS Regional Commissioner Thomas James attended the event along with members of the National Capital Region’s project team. “The new lease agreement saves the taxpayers millions of dollars by relocating employees from three different offices under the State Department; it also provides another tremendous opportunity to reduce the federal footprint,” RA Hudson said.

The lease, in the World Bank Building, is a 10-year term with a 5-year lease option. Awarded by GSA, the building is comprised of 463,151 rentable square feet and houses various components of the Bureau of Consular Affairs.

The State Department’s new leased space will average 120 square feet per person, a 51% decrease in utilization from the original rate of 247 square feet. As a result of this lease a total of 1,877 employees now occupy the new space.

In compliance with President Obama’s directive for federal agencies to utilize less workspace, this lease consolidates 5 expiring leases and combines employees from several State Department locations, including the Passport Office, and Child Care Center.